The tech sector climbed as much as 2% in the early trading but failed to hold these gains ahead of Dell's earrings report. Finally, Dell missed estimates but managed to rise 2% after hours. The report confirmed widely held expectations that the company had been hit hard by the worldwide economic slowdown and declines in spending on tech products.
Friday, February 27, 2009
Unable to hold gains
The tech sector climbed as much as 2% in the early trading but failed to hold these gains ahead of Dell's earrings report. Finally, Dell missed estimates but managed to rise 2% after hours. The report confirmed widely held expectations that the company had been hit hard by the worldwide economic slowdown and declines in spending on tech products.
